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VC Firm 500 Global Selects 15 Egyptian Startups for Scale-Up Program
Fifteen Egyptian tech startups have been selected for the first batch of the 500 Global in Egypt Scale Up Programme, a seven-week program designed to help founders scale their businesses.
The program is run by 500 Global, one of the world’s most active venture capital firms, in partnership with the Egyptian Information Technology Industry Development Agency (ITIDA). It is dedicated to pre-Series A and Series A startups in Egypt.
The selected startups are:
- Birdnest
- Blnk
- Convertedin
- Dresscode
- FriendlyCar
- ILLA
- Khazenly
- MQR
- Nowlun
- NowPay
- O7 Therapy
- Orcas
- Rology
- Suplyd
- Sylndr
“Despite a challenging global and local macroeconomic backdrop, we found Egyptian founders proving that Egypt remains a thriving technology market in the Middle East and Africa,” said Amal Enan, Partner at 500 Global.
The Scale-Up program kicked off on October 1 at the Creativa Giza Hub, also known as The Factory, operated by ITIDA. It will culminate with the Scale Up Showcase on November 16.
The program is designed to empower founders through personalized mentorship and growth techniques, setting the stage for their future success.
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